Multiple Choice
Table 2-2
-Refer to Table 2-2. Which of the following statements is correct?
A) The opportunity cost of an additional 300 socks is constant at 300 glasses.
B) The opportunity cost of an additional 300 socks is constant at 400 glasses.
C) Ecoville's production possibilities frontier is a straight, downward-sloping line.
D) The opportunity cost of an additional 300 socks increases as more glasses are produced.
Correct Answer:

Verified
Correct Answer:
Verified
Q229: Figure 2-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 2-7
Q230: Economists at the U.S. Department of Justice
Q231: When two variables move in opposite directions,
Q232: When economists disagree about whether a policy
Q233: Figure 2-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure 2-2
Q235: Economists usually have to make do with
Q236: Macroeconomics is the study of<br>A)individual decision makers.<br>B)economy-wide
Q237: The duties of the Council of Economic
Q238: Two variables that have a positive correlation
Q239: In the markets for goods and services